AKANTUS MOSJØEN AS: årsregnskap 1998 vs 1997
Shrank 30% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for AKANTUS MOSJØEN AS. Revenue 955.9k NOK → 673.4k NOK (-29.6%). Equity 93.2k NOK → -6 897 NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKANTUS MOSJØEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 955.9k NOK to 673.4k NOK (-29.6% YoY). Calculated
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↓
Operating result weakened
Operating result +63.1k NOK → -87.2k NOK (op. margin 6.6% → -12.9%). Calculated
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↓
Equity eroded
Book equity 93.2k NOK → -6 897 NOK (equity ratio 80.6% → -5.1%). Calculated
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Current ratio dropped below 1×
Current ratio 5.15× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 827.2k NOK → 700.3k NOK (-15.3% YoY). Calculated